For-profit college warning list for parents and students

(a) In general Each academic year, the Secretary on behalf of the Committee shall publish a list to be known as the For-Profit College Warning List for Parents and Students to be comprised of the names of proprietary institutions of higher education— (1) that have been sued for financial relief by a Federal or State authority, or through a qui tam action in which the Federal Government has intervened; (2) that are required to pay a debt or incur a liability from a settlement, arbitration proceeding, or final judgment in a judicial proceeding with a Federal or State agency and the case addresses misrepresentation, fraud, liability under sections 3729 through 3733 of title 31, United States Code (commonly known as the False Claims Act), or other borrower-defense-to-repayment claims; (3) that have pending claims for borrower relief discharge under the borrower defense to repayment regulations from students or former students of the institution and the Secretary has formed a group process to consider the claims; (4) that have had any eligibility for participation withdrawn or suspended with respect to— (A) educational assistance in the form of a loan provided under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.); (B) educational assistance in the form of a grant provided under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.); (C) educational assistance provided under chapter 33 of title 38, United States Code; (D) assistance for tuition and expenses under section 2007 of title 10, United States Code; (E) assistance provided under section 1784a of title 10, United States Code; or (F) Federal education assistance not described in subparagraphs (A) through (E); or (5) that have been deemed ineligible to receive Federal education assistance for the next year or required to repay Federal education assistance previously received in an applicable report year. (b) Summary The For-Profit College Warning List for Parents and Students shall include a summary in plain language of the basis of each proprietary institution of higher education’s inclusion on the list. (c) Procedures The Committee shall establish and apply review procedures for the For-Profit College Warning List for Parents and Students, including evaluation and withdrawal proceedings that provide— (1) for adequate written specification of— (A) the procedure for identifying proprietary intuitions of higher education for inclusion on the list; and (B) identified deficiencies at the proprietary institutions of higher education; and (2) for sufficient opportunity for a written response by a proprietary institution of higher education regarding any deficiencies identified by the Committee— (A) within a timeframe determined by the Committee; and (B) prior to the final publication of the For-Profit College Warning List for Parents and Students. (d) Publication (1) In general Not later than July 1 of each fiscal year, on behalf of the Committee, the Secretary shall publish the For-Profit College Warning List for Parents and Students prominently and in a manner that— (A) is easily accessible to parents, current students, prospective students, and other stakeholders; and (B) does not contain any personally identifiable information. (2) Use of preexisting platform The Secretary may incorporate the For-Profit College Warning List for Parents and Students into preexisting, widely used platforms.